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WETH Financials Wetouch Technology Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 14.6% per year over the past 5 years.
  • Net income has grown faster than revenue (-4.3% vs -14.6% per year).
  • Operating margin has expanded, at 70.2% in the latest year.
  • Free cash flow has declined 17.8% per year over the past 5 years.
Revenue & net income
$0 $20M $41M 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 71% 143% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $5M $10M 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $59M $118M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$14M $13M $40M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $14M $7M 101.2% 70.2% $7M $118M
2024 $15M $6M 91.1% 62.4% $797248 $104M
2023 $12M $8M 142.8% 105.1% $10M $98M
2022 $38M $9M 37.0% 30.1% $51M
2021 $41M $17M 45.3% 31.0% $46M
2020 $31M $9M 49.8% 37.9% $24M
2019 $40M $14M 49.3% 42.5% $10M $14M

Valuation over time

How the market has priced WETH against its own fundamentals since 2024-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 2.9 5.8 Feb '24 Jun '24 Oct '24 Feb '25 Jun '25 Oct '25 Feb '26 Jun '26
P/E
Price / sales (P/S)
0.0 2.0 4.0 Feb '24 Jun '24 Oct '24 Feb '25 Jun '25 Oct '25 Feb '26 Jun '26
P/S

Frequently asked questions

Is WETH growing its revenue and profit?

Over the past 5 years, Wetouch Technology Inc.'s revenue has declined 14.6% per year, and net income declined 4.3% per year. These are computed facts, not advice.

How much debt does WETH have?

As of FY2025, Wetouch Technology Inc. reported — of total debt against $118M of cash.

What is WETH's profit margin?

In FY2025, gross margin was 101.2%, operating margin 70.2%, and net margin 50.4%.

What is WETH's P/E ratio?

As of Jun '26, Wetouch Technology Inc. traded at a price-to-earnings ratio of about 1.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.